Oppenheimer Asset Management Inc. boosted its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 31.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 275,103 shares of the scientific and technical instruments company's stock after purchasing an additional 66,137 shares during the period. Oppenheimer Asset Management Inc. owned 0.16% of Cognex worth $8,206,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Cognex by 3.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,836 shares of the scientific and technical instruments company's stock valued at $281,000 after buying an additional 262 shares in the last quarter. CIBC Asset Management Inc boosted its position in Cognex by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 5,616 shares of the scientific and technical instruments company's stock worth $201,000 after acquiring an additional 270 shares during the period. SRS Capital Advisors Inc. boosted its position in Cognex by 50.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company's stock worth $32,000 after acquiring an additional 295 shares during the period. Global Retirement Partners LLC grew its stake in Cognex by 30.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,346 shares of the scientific and technical instruments company's stock valued at $48,000 after acquiring an additional 317 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Cognex by 0.6% in the 4th quarter. Arizona State Retirement System now owns 49,749 shares of the scientific and technical instruments company's stock valued at $1,784,000 after purchasing an additional 320 shares during the period. 88.12% of the stock is currently owned by hedge funds and other institutional investors.
Cognex Stock Performance
Shares of Cognex stock traded down $0.14 on Friday, reaching $31.46. The stock had a trading volume of 2,909,393 shares, compared to its average volume of 1,621,118. The business's 50-day moving average price is $29.34 and its two-hundred day moving average price is $32.35. The stock has a market cap of $5.28 billion, a P/E ratio of 46.26 and a beta of 1.47. Cognex Corporation has a fifty-two week low of $22.67 and a fifty-two week high of $53.13.
Cognex Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, May 15th. Cognex's payout ratio is presently 47.06%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on CGNX shares. Stephens reissued an "overweight" rating and issued a $55.00 price target on shares of Cognex in a research report on Wednesday, March 12th. Truist Financial dropped their price objective on shares of Cognex from $37.00 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird lifted their target price on shares of Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. UBS Group lowered their price target on shares of Cognex from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $32.00 price target on shares of Cognex in a research note on Monday, June 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.17.
Read Our Latest Report on CGNX
Cognex Company Profile
(
Free Report)
Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
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